Question

How much simple interest is earned on an investment of $1,250 if the money is invested for 5 years at an annual interest rate of 4.5%

Answer 1

28, 125

Explanation:

Its so easy

1,250 x 4.5 = 5,625

5,625 x 5 = 28,125

Answer 2

Simple interest I= prt. 1,250 x 4.5 x 5 equals $28,125